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25 May 2021
European Commission publishes Steer Report on sustainable finance taxonomy for the aviation sector
In June 2020, we published a briefing in which we examined the recent developments in ESG financing within the aviation sector, as well as the potential impact of Covid-19 as a catalyst for growth in this area.[1] One of the key challenges identified was that ESG financings in the aviation sector...
30 March 2021
New ACICA 2021 Arbitration Rules
The Australian Centre of International Commercial Arbitration ( ACICA ) has unveiled revised Arbitration Rules due to enter into force in April 2021. As arbitration continues to be on the rise in Australia, and ACICA enjoys record caseloads, the 2021 ACICA Rules set out ACICA’s vision for the...
23 July 2020
Pressure points: Insurance cover for COVID-19 related financial losses? (Australia)
There has been significant debate about insurance coverage for financial losses associated with COVID-19. Uncertainty exists because of the absence of any ‘physical damage’ to insured property, 1 which typically triggers the ‘business interruption’ ( BI ) coverage in the industry standard...
18 June 2020
Future Cities Series: Change in direction or full speed ahead for the transport industry?
Modern transport has allowed us to travel further and faster, and in much greater numbers. It has shaped where we live, how we work and how we have fun. Developments in transport usage have in turn been shaped by external drivers; technological innovation, economic developments, government...
18 June 2020
Future Cities Series: Prioritising and funding sustainable infrastructure in a post-Covid era
In response to Covid-19 governments across the world have made drastic interventions in order to protect public health. Lockdowns and other social isolation requirements have shut down large parts of national economies. For now at least, planes are grounded, global demand for energy has plunged and...
06 February 2020
Australian privacy law reform and review announced
On 12 December 2019, the Australian Government announced its response to the Australian Competition & Consumer Commission’s ( ACCC ) Digital Platform Inquiry. Despite the Inquiry’s name, only 1 of the 11 recommendations in the report about data practices is targeted at digital platforms.
10 December 2019
The ACCC pilots its first ‘effect test’ in misuse of market power proceedings
On 6 December 2019, the ACCC launched its first enforcement proceedings under the new ‘effects test’ prohibition on misuse of market power. The proceedings will provide much needed guidance as to how the much-debated ‘effects test’ will apply to unilateral conduct. It is noteworthy that the two...
21 May 2018
Middle East anti-corruption regulations legal guide 2018
The Middle East region presents various anti-corruption challenges for businesses. These include difficulty in identifying politically exposed persons, prevalence of intermediaries in the conduct of business relationships and a widespread difficulty in accessing company ownership and financial...
09 March 2018
SPAIN'S NEW PUBLIC PROCUREMENT LAW ENTERS INTO FORCE
Today sees the entry into force of practically all provisions of Law 9/2017, of 8 November 2017, on Public Procurement, which transposes Directives 2014/23/EU and 2014/24/EU of the European Parliament and of the Council, of 26 February 2014, into Spanish law.
20 November 2017
The 10 main new features of Spain's new public procurement law
Finally, on 9 November, Spain's Official State Journal (Boletín Oficial del Estado, or " BOE ") published Public Procurement Law 9/2017, of 8 November 2017, which transposes into Spanish law the Directives of the European Parliament and Council 2014/23/EU and 2014/24/EU, of 26 February 2014.
18 October 2017
UK Government consults on proposals to expand national security review of foreign investments beyond current merger control regime
On 17 October 2017 the Department for Business, Energy & Industrial Strategy ( BEIS ) published its long-awaited Green Paper National Security and Infrastructure Investment Review for consultation. The Green Paper contains proposals to extend the UK merger control public interest intervention...
16 October 2017
Key developments in Iran, October 2017
This update provides an overview of key developments which have occurred in Iran during the past month and highlights areas of future interest. In particular, the update covers notable developments in the political arena and key economic sectors.
30 August 2017
Key developments in Iran, August 2017
This update aims to provide a brief overview of key developments which have occurred in Iran during the past month and to highlight areas of future interest. In particular, the update covers notable developments in both the political arena and key economic sectors.
16 June 2017
High Court dismisses appeals: Finds that air cargo price fixing arrangements involved a market in Australia
On 14 June 2017, the High Court of Australia unanimously dismissed the appeals by each airline in Air New Zealand Ltd v Australian Competition and Consumer Commission; PT Garuda Indonesia Ltd v Australian Competition and Consumer Commission [2017] HCA 21.
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23 June 2021
Webinar: Anti-Racism and Inclusive Leadership with John Amaechi OBE
Many organisations have made important strides over the past year to challenge racism, both in the workplace and in other walks of life. Yet, there is clearly a long way to go before we reach a turning point in addressing systemic racism.
15 June 2021
ESG issues in the consumer sector: managing class action and regulatory risks
Investors, consumers and other stakeholders increasingly want to hear from consumer sector companies concerning the environmental, social and governance (ESG) impacts of their businesses. However, as more companies begin sharing the positive ESG stories behind their businesses and brands in...
15 June 2021
ASIC’s consultation on regulator guidance closes as financial service and credit licensees prepare for Australia’s breach reporting reforms
In April of this year, we wrote about draft guidance released by the Australian Securities and Investments Commission (ASIC) on the significant impending changes to Australia’s breach reporting regime.
11 June 2021
Bank of England launches Climate Biennial Exploratory Scenario
On Tuesday 8 June, the Bank of England launched its Climate Biennial Exploratory Scenario ( BES ), a stress-testing exercise on the financial risks from climate change. While the regulator's rhetoric may sound like a call to arms, the BES hopes to understand the issues the financial system faces to...
11 June 2021
Not all’s “fair dealing” in war and Greenpeace: Federal Court confirms limits of the “parody or satire” exception to copyright infringement
The Federal Court’s decision in AGL v Greenpeace 1 confirms that using a corporate logo in activist or protest materials may be permissible under both copyright and trade mark law, but only where that use constitutes a “fair dealing” for the genuine purpose of “parody or satire”. Not all such uses...
10 June 2021
Tech disputes series
In a world that's increasingly dependent on technology, organisations are under increasing pressure to stay competitive and create connected experiences. To meet these rising demands, organisations are accelerating their digital transformation and in turn giving rise to complex, multi-...
10 June 2021
Revolution or evolution? Technology and the changing dispute resolution landscape
Digital transformation is causing the dispute resolution landscape to change and evolve rapidly. Our tech disputes experts explore the key changes and the effect that these are having on the way in which we can minimise exposure and navigate the new environment to successfully resolve disputes.
09 June 2021
Launch event: Law Commission review of the law relating to corporate criminal liability
On 9 June 2021 at 4.30pm, our Corporate Crime and Investigations team will be hosting an event where the Law Commission will launch its review of the law relating to corporate criminal liability in England and Wales.
08 June 2021
The Future of Consumer – 2021 APAC predictions
2020 presented a number of significant challenges with Covid-19 accelerating some of the existing trends in the consumer sector – and we expect to see these issues driving some real turning points in 2021, as our Asia-Pacific Consumer team will explore in this series. Trust continues to be a major...
07 June 2021
Corporate Governance snapshot: Fundamental audit and corporate governance reforms proposed by UK government
In April 2021, the UK government published its long awaited consultation paper on audit and governance reform, Restoring trust in audit and corporate governance . If implemented, the proposals would lead to considerable changes to the way that companies approach their financial reporting, requiring...
07 June 2021
African Continental Free Trade Agreement (AfCFTA) – The Next Leap for Africa?
We are delighted to share a recording of the panel discussion which Herbert Smith Freehills and Singular Group co-hosted on 28 May 2021 regarding the role the AfCFTA can play in the development of the African continent and the opportunities for businesses and investors.